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A truck and a sedan enabled with Deeproute’s self-driving technology drove on public roads in Shenzhen on September 5, 2021. (Image credit: Deeproute.ai) Deeproute.ai, a Chinese self-driving car startup, announced Tuesday that it had raised more than $300 million in a Series B led by Alibaba. Why it matters: The…

Shenzhen-based autonomous driving startup DeepRoute.ai has raised USD 300 million in a Series B funding round led by Alibaba Group and other venture capital firms, including Jeneration Capital and a fund under Geely Auto Group. Previous investors Fosun RZ Capital, Yunqi Partners, and Glory Ventures also participated in the round.…

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Author of the article: SHANGHAI — China’s industry ministry has told technology companies including Alibaba Group Ltd and Tencent Holdings Ltd to stop blocking each other’s website links from their platforms, the 21st Century Business Herald said Saturday. The newspaper, citing unnamed sources, said the Ministry of Industry and Information…

Alibaba.com launched a new dropshipping solution and a US$500,000 grant program to enhance SMEs’ e-commerce capabilities on 7 September 2021. Merchants can purchase products from third-party suppliers that can ship products directly to the consumer. Aliababa.com’s new one-stop dropshipping solution enables users to test new products from platform-vetted merchants, provide…

The mystery of the Chivo wallet persists. And Bitso comes into the picture as part of a more credible report confirmed through official channels. It seems like NewsBTC was right to doubt Forbes’s article about BitGo being behind the Chivo wallet.  This Reuters report, on the other hand, comes with…

(Source: Pandaily) On September 9, an official announcement issued by the Shanghai Stock Exchange showed that the initial listing of AI firm Megvii Technology on the Science and Technology Innovation Board has been approved. Megvii proposed to raise 6.018 billion yuan ($934.6 million) in the transaction. According to its updated…

(Source: Teda.gov) According to Bloomberg, LinkDoc Technology Limited, a medical data platform company backed by Alibaba Group, plans to lead a $200 to $300 million financing round before its upcoming IPO in Hong Kong. A person familiar with the matter said such a plan is still under discussion and no…